Two estranged brothers try to bury a hatchet in the name of music and business.

I'm David Brancaccio. First, interest rates in America are guided by a key inflation reading.

It needs zestier name name but what it is called

is the personal consumption expenditures price index that came in today in line

with expectations up slightly in a month but year over year inflation is still

quite tame 2.5 percent. That report also has information in it about consumer

activity. Christopher Lowe's chief economist at F.H.N Financial in New York who joins us now.

Good morning.

Good morning, David.

And consumers though are still at it.

It's not that the bottom is falling out from that perspective.

No, that's right. We got consumer spending numbers today too and in fact those were just a

tiny bit better than expected. They were up 0.4% in the month.

Consumption was also the primary component that lifted

GDP yesterday when it was revised up to 3%.

And you know, you put those two things together,

declining inflation, 3% GDP growth,

and it feels very much like we're on a track for that, you know, very rare fed soft landing.

A practical question for you, Chris.

I track, I think a lot of people do the 30-year fixed-rate mortgage

mortgage and news daily does it every day and you know it's pretty low

6.41% as of yesterday in anticipation of the Fed cutting interest rates in

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